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LEAR

Learn AfricaNGSE:LEARNAFRCA Stock Report

Market Cap

₦972.0m

7D

0%

1Y

14.5%

Updated

25 Oct, 2021

Data

Company Financials
LEARNAFRCA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends3/6

LEARNAFRCA Overview

Learn Africa Plc publishes and distributes educational materials for nursery, primary, secondary, and tertiary levels of learning in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Learn Africa
Historical stock prices
Current Share Price₦1.26
52 Week High₦1.26
52 Week Low₦1.55
Beta-0.29
1 Month Change-12.50%
3 Month Change-16.00%
1 Year Change14.55%
3 Year Changen/a
5 Year Changen/a
Change since IPO120.50%

Recent News & Updates

Shareholder Returns

LEARNAFRCANG MediaNG Market
7D0%0.4%1.5%
1Y14.5%-6.9%40.2%

Return vs Industry: LEARNAFRCA exceeded the NG Media industry which returned -6.7% over the past year.

Return vs Market: LEARNAFRCA underperformed the NG Market which returned 40.9% over the past year.

Price Volatility

Is LEARNAFRCA's price volatile compared to industry and market?
LEARNAFRCA volatility
LEARNAFRCA Beta-0.29
Industry Beta1.05
Market Beta1

Stable Share Price: LEARNAFRCA is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: LEARNAFRCA's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
1961167Hassan Balahttps://www.learnafricaplc.com

Learn Africa Plc publishes and distributes educational materials for nursery, primary, secondary, and tertiary levels of learning in Nigeria. It also publishes a range of books and educational resources. The company was formerly known as Longman Nigeria Plc and changed its name to Learn Africa Plc in November 2011.

Learn Africa Fundamentals Summary

How do Learn Africa's earnings and revenue compare to its market cap?
LEARNAFRCA fundamental statistics
Market Cap₦972.03m
Earnings (TTM)₦67.30m
Revenue (TTM)₦2.42b

14.4x

P/E Ratio

0.4x

P/S Ratio

Is LEARNAFRCA overvalued?

See Fair Value and valuation analysis


Dividends

11.9%

Current Dividend Yield

72%

Payout Ratio

Valuation

Is Learn Africa undervalued compared to its fair value and its price relative to the market?

14.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LEARNAFRCA (NGN1.26) is trading above our estimate of fair value (NGN0.72)

Significantly Below Fair Value: LEARNAFRCA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LEARNAFRCA is good value based on its PE Ratio (14.4x) compared to the African Media industry average (14.7x).

PE vs Market: LEARNAFRCA is poor value based on its PE Ratio (14.4x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LEARNAFRCA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LEARNAFRCA is good value based on its PB Ratio (0.3x) compared to the XF Media industry average (0.6x).


Future Growth

How is Learn Africa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.3%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Learn Africa has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Learn Africa performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LEARNAFRCA has a large one-off loss of NGN99.4M impacting its June 30 2021 financial results.

Growing Profit Margin: LEARNAFRCA's current net profit margins (2.8%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: LEARNAFRCA has become profitable over the past 5 years, growing earnings by 6.6% per year.

Accelerating Growth: LEARNAFRCA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LEARNAFRCA had negative earnings growth (-70.7%) over the past year, making it difficult to compare to the Media industry average (-17.3%).


Return on Equity

High ROE: LEARNAFRCA's Return on Equity (2.1%) is considered low.


Financial Health

How is Learn Africa's financial position?


Financial Position Analysis

Short Term Liabilities: LEARNAFRCA's short term assets (NGN3.3B) exceed its short term liabilities (NGN949.6M).

Long Term Liabilities: LEARNAFRCA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: LEARNAFRCA's debt to equity ratio (0.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if LEARNAFRCA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: LEARNAFRCA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: LEARNAFRCA's interest payments on its debt are well covered by EBIT (27.7x coverage).


Balance Sheet


Dividend

What is Learn Africa current dividend yield, its reliability and sustainability?

11.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LEARNAFRCA's dividend (11.9%) is higher than the bottom 25% of dividend payers in the NG market (3.33%).

High Dividend: LEARNAFRCA's dividend (11.9%) is in the top 25% of dividend payers in the NG market (7.34%)


Stability and Growth of Payments

Stable Dividend: LEARNAFRCA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: LEARNAFRCA's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.8%), LEARNAFRCA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.9yrs

Average board tenure


CEO

Hassan Bala

no data

Tenure

Mr. Hassan Salisu Bala, FCE, has been the Managing Director and Director at Learn Africa Plc and serves as its Chief Executive Officer. Mr. Hassan is an experienced professional, who joined Learn Africa Pl...


Board Members

Experienced Board: LEARNAFRCA's board of directors are considered experienced (9.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Learn Africa Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Learn Africa Plc
  • Ticker: LEARNAFRCA
  • Exchange: NGSE
  • Founded: 1961
  • Industry: Publishing
  • Sector: Media
  • Market Cap: ₦972.027m
  • Shares outstanding: 771.45m
  • Website: https://www.learnafricaplc.com

Number of Employees


Location

  • Learn Africa Plc
  • Felix Iwerebon House
  • 52 Oba Akran Avenue
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:38
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.